Saipem Secures 2 New Offshore Contracts Worth $1B From Saudi Aramco [Yahoo! Finance]
Pedevco Corp. (PED)
NASDAQ:AMEX Investor Relations:
pacificenergydevelopment.com
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Source: Yahoo! Finance
These contracts are part of a long-standing agreement between the Italian firm and oil giant Saudi Aramco. These two contracts are valued at approximately $1 billion. Under these contracts, Saipem will work on the Marjan, Zuluf and Safaniyah oil fields. For the first contract, Saipem has been tasked with engineering, procurement, construction and installation (EPCI) of three production deck modules (PDMs). It will install 33 kilometers of subsea rigid pipelines with diameters of 12 inches and 16 inches. Further, the company will also lay 34 kilometers of subsea power cables. The infrastructure included in the first contract will be used for the Marjan oil and gas field. The second contract also includes EPCI of three jackets and five PDMs. Alongside these, Saipem is also responsible for installing subsea rigid pipelines spanning 22 kilometers with a diameter of 16 inches and laying 35 kilometers of subsea power cables. The second contract involves the installation of these infrast
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News
- PEDEVCO Corp. (NYSE: PED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Pedevco Corp. (PED) Earnings Expected to Grow: What to Know Ahead of Q3 Release [Yahoo! Finance]Yahoo! Finance
- PEDEVCO Corp. (NYSE: PED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- PEDEVCO Corp. (NYSE: PED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Are Investors Undervaluing Pedevco (PED) Right Now? [Yahoo! Finance]Yahoo! Finance
PED
Earnings
- 8/14/24 - In-Line
PED
Sec Filings
- 10/1/24 - Form 8-K
- 9/23/24 - Form EFFECT
- 9/12/24 - Form 8-K
- PED's page on the SEC website